AerCap announces $40m share capital increase for its Chinese joint venture, Dragon Aviation Leasing
February 20, 2012
AerCap Holdings N.V. released that the shareholders of Dragon Aviation Leasing, its Chinese aircraft operating lease joint venture, have agreed to increase the issued share capital of the venture…
Kingfisher Airlines’ 3rd quarter loss widens
February 16, 2012
Kingfisher Airlines reported a 4.44bn rupees loss in the third quarter that ended in December 2011, compared to a loss of 2.54bn rupees the previous year. Kingfisher lost 11.8bn rupees in the…
Qantas’ half year profit down 83%
February 16, 2012
The Qantas Group reported net profit of A$42m ($45m) for the six months ended December 2011, down from A$241m during the same period in 2010. The company said that last years strikes cost it…
AMR Corporation posts fourth quarter net loss of $1.1bn
February 16, 2012
AMR Corporation, the parent company of American Airlines, recorded consolidated net loss of $1.1bn for the fourth quarter of 2011 compared to a consolidated net loss of $97m…
SkyWest reports fourth quarter net loss of $18.0m
February 16, 2012
SkyWest, Inc. reported operating revenues of $899.9m for the quarter ended December 31, 2011, compared to $796.3m for the same period last year. SkyWest also reported a net…
Spirit Airlines announces fourth quarter and full year results
February 16, 2012
Spirit Airlines reported fourth quarter 2011 and full year 2011 financial results. Net income for the fourth quarter 2011 was $24.0m compared to $9.6m in 2010. Full year…
Etihad Airways reports profitability and EBIT of US$137m in 2011
February 10, 2012
Etihad Airways, the national carrier of the United Arab Emirates, reported full year EBIT of US$137m, on revenues up 36% to US$4.1bn (2010: US$2.98bn). The results included earnings before interest, tax,…
FLY Leasing extends $600m credit facility
February 10, 2012
FLY Leasing has signed an extension of its credit facility with Norddeutsche Landesbank Gironzentrale (Nord LB). The facility was set to mature in November 2012 and has been…
Air Canada reports fourth quarter net loss of $60m
February 9, 2012
Air Canada reported a net loss of $60m in the fourth quarter of 2011, which included foreign exchange gains of $114m, compared to net income of $89m in…
Spirit AeroSystems’ full year net income down 12%
February 9, 2012
Spirit released that operating income for the fourth quarter 2011 was $102m, compared to $96m for the same period in 2010, primarily driven by increased production volumes, partially…
Finnair reports full year 2011 net loss of €87.5m
February 9, 2012
In the fourth quarter of 2011, Finnair’s turnover increased by 11.7% (12.9%) year on year and totalled €577.4m (516.9). The group’s operational result, excluding non-recurring items, capital gains and…
SAS posts full year 2011 net loss of MSEK -1,687
February 8, 2012
For the period of January-December 2011, the SAS Group’s income before tax and nonrecurring items and capital gains/losses in continuing operations amounted to MSEK 94 (-444) and net…
WestJet’s full year net earnings up 65%
February 8, 2012
WestJet released its fourth quarter and year-end results for 2011. The airline reported fourth quarter net earnings of $35.6m, down 4.3% compared to 2010 and full-year net earnings…
Astronics Corporation reports net income up 16%
February 7, 2012
Astronics Corporation released that sales in the fourth quarter of 2011 were $61.2m up 18.0%, from the prior year fourth quarter. Aerospace sales, which represented approximately 95.2% of…
ILFC announces proposed $900m senior secured term loan
February 6, 2012
International Lease Finance Corporation (ILFC), released that it intends to raise a new senior secured term loan of $900m. ILFC plans to use proceeds of the new term loan…
Global Aviation Holdings files for Chapter 11 reorganization
February 6, 2012
Global Aviation Holdings, the parent company of World Airways, North American Airlines and other subsidiaries, announced that to achieve a cost and debt structure that is industry competitive it has commenced…
Goodrich reports fourth quarter net income of $238m
February 2, 2012
Goodrich reported fourth quarter 2011 net income of $238m on sales of $2,145m. In the fourth quarter 2010, the company reported net income of $148m, on sales of…
Atlas Air Worldwide completes financing arrangements for six B747-8F aircraft
February 2, 2012
Atlas Air has entered into an $865m term-loan facility with Apple Bank for Savings, guaranteed by the Export-Import Bank of the United States, to finance the company’s six remaining…
LAN Airlines reports US$112.5m net income for fourth quarter 2011
February 1, 2012
LAN Airlines S.A. reported net income of US$112.5m for the fourth quarter of 2011, a decrease of 31.6% compared to the US$164.6m reported in fourth quarter 2010. Results in…
Hawaiian Holdings reports full year 2011 net loss of $2.6m
February 1, 2012
For the full year 2011, Hawaiian Holdings reported consolidated net loss of $2.6m on total operating revenue of $1.65bn. This compares with net income of $110.3m on total operating…
